Precision Drilling Corporation Q3 2025 Financial Results

Precision Drilling Corporation reported its third quarter 2025 financial results, highlighting a revenue of $462 million, a 3% decrease compared to the same period in 2024. The company's Adjusted EBITDA was $118 million, down from $142 million in Q3 2024, primarily due to lower Canadian drilling activity and higher operating costs. Net earnings attributable to shareholders showed a loss of $7 million, compared to a profit of $39 million in the previous year. The company also repurchased $9 million worth of shares and reduced its long-term debt by $10 million. Precision Drilling revised its 2025 capital budget to $260 million, up from $240 million, to accommodate additional customer-funded rig upgrades. The company remains optimistic about its outlook, expecting steady activity levels in the fourth quarter, supported by constructive commodity prices.